Jobs growth is still key to predicting the Federal Reserve’s path to interest rate cuts, as Jerome Powell faces intense pressure this week to reveal his plan.
Washington | Transport logistics sales executive Phil Sullivan is one of the millions of people holding back Federal Reserve chairman Jerome Powell from cutting interest rates any time soon.
Sullivan, 66, lost his job in August this year when trucking giant Yellow Corp declared bankruptcy and laid off 30,000 employees.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
